Our New Regulator: The Financial Conduct Authority.
From 1 April 2019, Allegiant Finance Services Limited is authorised and regulated by the Financial Conduct Authority (‘FCA’). By this date all Claims Management Companies (‘CMCs’) must have registered with the FCA for temporary permissions in order to continue business in this sector. We are pleased to confirm that Allegiant has been successfully registered. By 31 May 2019, all CMCs who handle claims relating to Financial Products & Services must submit their full application for authorisation.
As a CMC dedicated to good practice, Allegiant welcomes the new regulatory regime. The FCA’s vision is for ‘CMCs to be trusted providers of high quality, good value services that help customers pursue legitimate claims for redress, and benefit the public interest’. This is a very positive step in the industry to ensure that all CMCs are delivering a professional service whereby the customers interests are at the heart of the business.